My personal FX pairs and XAUUSD analysis

#USDJPY: Waiting For a Breakout

USDJPY is testing a solid horizontal daily resistance.
If the price breaks and closes above 134.5 - 135.5 area,
it will push the market much higher.

The next goal for buyers will be 137.6 level.

Gold (#XAUUSD): The Breakout!

So it turned out that Gold dropped again.
After the release of US fundamentals on Friday,
bears started to push.

The price managed to close below a key daily horizontal structure support cluster.
It turned into resistance now.

Probabilities are high, and the market will keep falling next week.
Next support - 1787

Dollar Index (#DXY): Key Levels to Watch

Here is my latest structure analysis for Dollar Index.

Resistance 1: 105.3 - 105.8 area
Resistance 2: 106.8 - 107.2 area
Resistance 3: 107.80 - 108 area

Support 1: 103.6 - 103.95 area
Support 2: 102.25 - 103.2 area

Vertical Support 1: rising trend line

Consider these structures for pullback/breakout trading.

#USDJPY: Bulls May Push Higher

Update for my Friday's post on USDJPY.
The price managed to close above a solid resistance cluster.
It turned into a support now.

The bullish rally will most likely continue.
Next resistance - 137.8

Wait for an occasional retest of a broken structure for safer entries.

Gold (#XAUUSD): Time To Sell

Gold is retesting a recently broken structure.
The price has nicely respected a confluence point based on the underlined resistance and 618 retracement of the last bearish impulse.

As the extra confirmation, the price formed a double top pattern.

I expect a bearish move to 1808 / 1801

#USDCAD: Key Levels to Watch This Week

Here is my latest structure analysis for USDCAD.

Resistance 1: 1.366 - 1.3707 area
Resistance 2: 1.3745 - 1.381 area

Support 1: 1.347 - 1.352 area
Support 2: 1.3225 - 1.329 area

Vertical Support 1: major falling trend line .

Consider these structures for pullback or breakout trading strategy.

#EURCAD: Detailed Technical Outlook

Here is the wave analysis for EURCAD.

The market is currently consolidating with a horizontal trading range on a weekly, after a strong bullish impulse.
1.46 - 1.465 is the resistance of the range,
1.423 - 1.43 is its support.

The upper boundary of the range matches perfectly with a key weekly resistance.

Depending on the reaction of the price to the boundaries of the range, I see 2 potential scenarios:
If the price breaks and closes above the resistance of the range, one more bullish wave will be expected.
While, a bearish breakout of the support of the range will most likely initiate a correctional movement.

Wait for a breakout and then follow the market.

#GBPJPY: Classic Trend Following

GBPJPY remains very bullish from the beginning of the year.
After the last impulsive movement, the market retraced to a peculiar confluence zone.
I see a perfect match between 0.5 retracement of the last bullish leg and a horizontal structure support.

I will expect a pullback from that to 165.0 / 165.7
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#USDCHF: Detailed Structure Analysis

Here is my latest structure analysis for USDCHF.

Support 1: 0.928 - 0.933 area
Support 2: 0.922 - 0.923 area
Support 3: 0.9137 - 0.916 area

Resistance 1: 0.942 - 0.946 area
Resistance 2: 0.954 - 0.955 area

Consider these structure for pullback/breakout trading.

Hi Dominic

Bought the Scouts Gold EA and it doesn't seem to match the trade log you post here?

Dow Jones Index (#US30): Oversold Market & Pullback

Dow Jones Index reached a key level.
Testing that, the price formed an inverted head & shoulders pattern on an hourly time frame
and broke a resistance line of a falling wedge pattern then.

I expect a pullback now.
Goals: 32950 / 33110

Crude Oil (#WTI): Bearish Outlook Explained

Crude Oil is coiling on a key horizontal resistance.
The price formed a double top pattern, testing that
and broke its neckline then.

We may see a retracement from the underlined blue zone.
Goals: 76.9 / 76.36

#EURCAD: Important Breakout

EURCAD broke and closed above a major horizontal supply cluster with a high momentum bullish candle yesterday.
1.441 - 1.446 is now turned into a demand zone.

I will expect a bullish wave from that area to 1.455 / 1.46 levels.

#CADCHF: Bearish Move From Key Level

It looks like CADCHF may drop.
The price reached a solid horizontal resistance and formed a tiny double top pattern on an hourly time frame. Now we see a strong bearish pressure.

I expect a bearish continuation to 0.6913 / 0.6905

#GBPCAD: Your Trading Plan For Today

GBPCAD is coiling on a key level.
I see a horizontal trading range on 1H time frame.

1.6263 - 1.6274 is its neckline.
Wait for its bullish breakout (hourly candle close above).
It will be your confirmation to buy.

Open long aggressively or on a retest then.
Goals will be 1.6307 / 1.633

If the price sets a new lower low, the setup will become invalid.

#NZDCAD: Bullish Outlook Explained

NZDCAD is taking off from a key horizontal support.
The price formed a double bottom on that and broke its neckline then.

I expect a bullish continuation to 0.851 / 0.854

Gold (#XAUUSD): Key Levels to Watch This Week

Here is my latest structure analysis for Gold.

Support 1: 1843 - 1853 area
Support 2: 1804 - 1811 area

Resistance 1: 1875 - 1904 area
Resistance 2: 1950 - 1959 area

Consider these structures for pullback/breakout trading next week.
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#AUDNZD: Bearish Outlook Explained

AUDNZD is testing a wide daily horizontal supply area.
The price formed a double top pattern, approaching that on an hourly time frame
and broke its neckline with a high momentum bearish candle.

I expect a retracement to 1.0848 / 1.0828

S&P500 Index (#SPY): Time to Sell

S&P500 Index is testing a wide daily horizontal resistance cluster.
Probabilities will be high to see a bearish reaction from that.

I believe that the market may drop today to 4032 / 4021 levels.
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BITCOIN (#BTCUSD): Detailed Technical Outlook ₿

Bitcoin successfully violated a wide horizontal daily demand area.
The broken structure turned into a supply zone.

The market is correcting now.
I spotted a bearish flag pattern on 4H time frame.
Its bearish breakout may initiate the next sell off.
Watch carefully the reaction of the price to its rising support.
Consider shorting after a 4H candle close below with initial target being 22100.